06/11/2026
Having a good credit score can affect your finances in many ways, and your score may impact the loans and credit cards you are able to get. So, if you are stuck in a financial hole, you may be wondering how filing for bankruptcy may affect your credit score. Though bankruptcy can stay on your credit report for 7-10 years, and usually causes your score to take a hit, it is likely that your score was already on a downward trend. Filing for bankruptcy is the first step to digging yourself out of the hole and getting your finances back on track.